U.S. Crude Oil Output Hits 12.9M Barrels/Day
- Thread starter GreatAmerican
- Start date
The bigger problem is how often this member is profoundly wrong.
Tbird19482
Verified User
Him and Great Asshole are wrong all the time .
On the scale of WALT this one....GA I dont know about.
Tbird19482
Verified User
The CEOs of a lot of the big US oil producing and drilling companies have come out and said several times they will NOT keep drilling and producing oil if they aren't making a reasonable Return on investment.
They will just shut down .
If you can't make money there is no use in trying to operate and with the Saudis driving down the price on the world market like they are doing now and did back in 2019 and 2020 they will shut down so they don't go bankrupt like over 100 US drilling and oil producing companies did back then.
And the MAGA on here can NOT admin they have been producing over 13 MBPD since Aug 2023.
I guess it would kill them to tell the truth and admit it all happened under Biden.
$70 is said to be the price needed to motivate drilling new shale wells......as global recession/depression gathers steam in large part because of Imperial Empire warmongering and other global destabilizing programs......and with the assorted constant chaos that is Trump....I am told that money is increasingly on the sidelines.
Yep they had a price war with Russia for dwindling market share. Trump did not do that like you blame him.
Yeah we know you are a woman because you are part of the pussy posse
Producers can make money with 50-60 dollar oil.
Says Who?
Tbird19482
Verified User
That is not what they say.
Tbird19482
Verified User
I think I read for them to make a reasonable ROI it has to be something like 72 dollars per barrel anything less then that isn't worth it to them.
Says the producer I invest with. And says my former business partner the petroleum geologist. I have been investing in oil deals that My former medical practice partner puts together deals for more than 30 years. His two sons are both landmen. When Rick personally invests in a well I buy in for a couple shares. When he sells his override I don't invest. They wells always have financials that show what the potential profits are verses what the expenses will be. most of the time in wells that are in the 5,000 feet to 7,000 feet range 50-60 will make money.
Of course they always want more money. Just follow the rig count if you want to know what the oil industry is doing.
Oil is 65 right now and there are 589 rigs working . That is healthy. Stick with coffee because you don't know anything about oil.
T. A. Gardner
Thread Killer
The checks I get from Conoco say different.
GreatAmerican
Verified User
Do you even know how to speak English, you retarded moron?
". . . . And the Make America Great Again on here . . . . ." What the fuck does that even mean?
GreatAmerican
Verified User
FACTS
Trump is unleashing American energy by ending Biden’s policies of climate extremism, streamlining permitting, and reviewing for rescission all regulations that impose undue burdens on energy production and use, including mining and processing of non-fuel minerals.
In his first month, Trump signed an Executive Order establishing the National Energy Dominance Council. Trump’s energy actions have ALLOWED consumer choice in vehicles, shower heads, toilets, washing machines, lightbulbs and dishwashers.
Thank GOD Trump withdrew from the Paris Climate Accord and directed all agencies to take emergency measures to reduce the cost of living for Americans.
Trump has a demonstrated track record of empowering American energy production, He is fixing what Senile Biden broke, and returning us to energy dominance just like he did in his first term.
Trump is unleashing American energy by ending Biden’s policies of climate extremism, streamlining permitting, and reviewing for rescission all regulations that impose undue burdens on energy production and use, including mining and processing of non-fuel minerals.
In his first month, Trump signed an Executive Order establishing the National Energy Dominance Council. Trump’s energy actions have ALLOWED consumer choice in vehicles, shower heads, toilets, washing machines, lightbulbs and dishwashers.
Thank GOD Trump withdrew from the Paris Climate Accord and directed all agencies to take emergency measures to reduce the cost of living for Americans.
Trump has a demonstrated track record of empowering American energy production, He is fixing what Senile Biden broke, and returning us to energy dominance just like he did in his first term.
I am HAWKEYE, and I AM MAGA.